If you have taken a BSN MyAuto (UsedCar) loan to buy your dream car, you might be wondering how to pay off your monthly instalments online. Well, you’re in luck because BSN has made it very easy and convenient for you to do so. In this article, we will show you how to pay your BSN used car loan online using the myBSN portal in just 5 simple steps.
What is BSN MyAuto (UsedCar)?
BSN MyAuto (UsedCar) is a hire purchase facility offered by Bank Simpanan Nasional (BSN) for used vehicles. It features competitive interest rates, convenient repayment channels, and flexible loan tenure. You can borrow up to 90% of the selling price of the vehicle, with a minimum loan amount of RM20,000 and a maximum loan tenure of 9 years. The vehicle must be acceptable to BSN and not older than 9 years from the year of manufacture.
Why pay your BSN used car loan online?
Paying your BSN used car loan online has many benefits, such as:
- Saving time and money. You don’t have to visit a branch, queue up, or pay any service fees.
- Avoiding late payment charges. You can pay anytime, anywhere, as long as you have internet access and sufficient funds in your account.
- Keeping track of your loan balance. You can view your loan details, payment history, and outstanding balance online.
How to pay your BSN used car loan online?
To pay your BSN used car loan online, you need to have a myBSN account. If you don’t have one yet, you can register for free at https://www.mybsn.com.my. You will also need to link your BSN savings or current account to your myBSN account.
Once you have set up your myBSN account, follow these 5 easy steps to pay your BSN used car loan online:
Step 1: Log in to your myBSN account
Visit https://www.mybsn.com.my and enter your username. Click Login. Click Yes to confirm your security image. Enter your password. Click Login again.
Step 2: Click Payments
After logging in, click Payments on the left sidebar menu.
Step 3: Click Financing Payment
On the Payments page, click Financing Payment under the Make Payment section.
Step 4: Select your loan account and payment amount
On the Financing Payment page, select your loan account number from the drop-down list under From Account. The loan details will be displayed below. Enter the payment amount in the Amount (RM) field. You can choose to pay the minimum amount due, the full outstanding balance, or any amount in between. Click Next.
Step 5: Confirm and complete your payment
On the next page, review your payment details and click Confirm if everything is correct. You will receive a confirmation message and a reference number for your payment. You can print or save the receipt for your records.
Congratulations! You have successfully paid your BSN used car loan online.
Paying your BSN used car loan online is easy and convenient with myBSN. You can save time and money, avoid late payment charges, and keep track of your loan balance. All you need is a myBSN account and a linked BSN savings or current account. Follow the 5 simple steps above and enjoy the hassle-free way of paying off your dream car.